Perkins Capital Management Inc. Has $664,000 Stock Position in Digital Turbine, Inc. (NASDAQ:APPS)

Perkins Capital Management Inc. raised its position in Digital Turbine, Inc. (NASDAQ:APPS) by 17.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 216,200 shares of the software maker’s stock after acquiring an additional 32,500 shares during the period. Perkins Capital Management Inc. owned approximately 0.21% of Digital Turbine worth $664,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. P.A.W. Capital Corp increased its stake in Digital Turbine by 87.5% during the 3rd quarter. P.A.W. Capital Corp now owns 150,000 shares of the software maker’s stock valued at $460,000 after purchasing an additional 70,000 shares in the last quarter. Rice Hall James & Associates LLC increased its position in shares of Digital Turbine by 4.1% during the third quarter. Rice Hall James & Associates LLC now owns 1,970,928 shares of the software maker’s stock worth $6,051,000 after acquiring an additional 77,185 shares in the last quarter. US Bancorp DE lifted its position in Digital Turbine by 37.7% in the 3rd quarter. US Bancorp DE now owns 26,561 shares of the software maker’s stock valued at $82,000 after acquiring an additional 7,266 shares in the last quarter. Ballentine Partners LLC acquired a new position in Digital Turbine during the 3rd quarter valued at about $43,000. Finally, Blue Trust Inc. boosted its stake in Digital Turbine by 104.1% during the 3rd quarter. Blue Trust Inc. now owns 8,169 shares of the software maker’s stock valued at $25,000 after purchasing an additional 4,167 shares during the last quarter. Institutional investors own 63.66% of the company’s stock.

Digital Turbine Stock Performance

Shares of Digital Turbine stock opened at $3.24 on Thursday. The company has a market cap of $333.01 million, a PE ratio of -0.75, a price-to-earnings-growth ratio of 9.61 and a beta of 2.59. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.01. Digital Turbine, Inc. has a 52 week low of $1.39 and a 52 week high of $7.32. The business has a 50 day moving average price of $3.07 and a 200-day moving average price of $2.50.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Digital Turbine had a negative net margin of 84.71% and a positive return on equity of 5.37%. The firm had revenue of $117.99 million for the quarter, compared to the consensus estimate of $115.23 million. During the same period in the previous year, the firm earned $0.08 EPS. The business’s revenue for the quarter was down 19.4% compared to the same quarter last year. Equities analysts anticipate that Digital Turbine, Inc. will post 0.05 earnings per share for the current fiscal year.

Digital Turbine Company Profile

Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.